Ontario's skilled immigrant intake plan doubled in 2023. Apply now for OINP!

Highlights: Ontario has doubled its skilled immigrant intake plan in 2023

• Ontario is investing an additional $25 million over the next three years.
• This was done to address Ontario’s labour shortages and promoting its economic growth.
• The province will be investing $75 million specifically into the Skills Development Fund over the next three years.
• $224 million in 2023 and 2024 will also be invested in a new capital stream of the fund.
• The government is taking action against the housing crisis and is getting 1.5 million homes built by 2031.

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Ontario doubles skilled immigrant intake

The Canadian province of Ontario is investing an additional $25 million over the next three years. This comes on top of the $15 million over three years as per the announcement in the Budget 2022. The investment was made to double the province’s skilled immigrant intake to address its labor shortages and promote its economic growth.

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Reason behind the doubling of the skilled immigrant intake

Every year, Ontario welcomes one-third of all newcomers to Canada as it is the most popular landing destination. It was already announced by the province and federal government that the doubling of the number of economic immigrants will take place. And the figure will reach 18,000 by 2025.

Ontario needs many more skilled newcomers to help build the highways, schools, hospitals, transit, and homes to cater to the growing population.

Ontario’s 2023 budget, Building a Strong Ontario

On top of the $25 million investment in the Ontario PNP, the government pledges to invest the budget into skills training, transform the apprenticeship and skilled trades system and help newcomers put their skills to use.

The province will be investing $75 million specifically into the Skills Development Fund over the next three years. $224 million in 2023 and 2024 will also be invested in a new capital stream of the fund. Also, the government is taking action against the housing crisis and is getting 1.5 million homes built by 2031.

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